CHICAGO--(EON: Enhanced Online News)--Prime Estates and Developments Inc. (OTCQB:PMLT) is pleased to announce today that it has signed a Non-Disclosure Agreement (NDA) with Samarina, a water company located in Greece.
“We are excited about the opportunity to review and consider Samarina as a company we evaluate in acquiring.”
The NDA will allow PMLT access to Samarina’s operating plant, factory, financials, and all supporting documentation necessary to conduct due diligence.
“We are excited about the opportunity to review and consider Samarina as a company we evaluate in acquiring. "If we complete the acquisition we plan to triple the production with a relatively small investment and significantly increase the value of the company,” states Mr. Goulielmos, CEO of Prime Estates and Developments Inc. "With the increase in production capacity we can export this quality product. There are significant profits that can be realized if we export this excellent quality water to the foreign markets."
“They have what I believe to be, from a health point of view, one of the best quality waters. It is collected and bottled in the highest sourcing water spot in all Balkans. We are planning to invest in quality which can bring significant profits. By exporting such excellent quality products we can profit from the added value that such a product could have at foreign markets. Wherever we trace profit, we will be there.”
About Samarina S.A.
The company “Samarina SA” was founded in 1992 by a group of residents of the community who knew the quality of the water location. The water gushes from a source at 1600 meters to 3 degrees Celsius and is bottled directly at the factory located at the same altitude, transported in accordance with the rules of hygiene and reaches the consumer. SAMARINA is the only water in Greece which springs and is bottled at such height, meaning at 1600 m. The natural mineral water is underground SAMARINA area. The water is really special because of its natural, constant flow and temperature, and its uniquely clean composition.
The factory is located in the village of Samarina, in a green forest covering 1000 sq.m. with the most modern bottling and packaging machines. The logistics of the company are located in Larissa, in modern facilities covering 4000 sq.m. All shipments of the product are made by company owned trucks.
The Samarina’s Company website is: http://www.samarinawater.gr
Forward looking statements
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